Malaysia Snapshot - PESTLE, SWOT, Risk and Macroeconomic Analysis report is designed to provide in-depth information about Malaysia including it’s PESTLE (political, economic, social, technological, legal and environmental), SWOT (Strengths, Weaknesses, Opportunities and Threats) and country risk analysis backed by macroeconomic data.
Malaysia is a federal constitutional monarchy in Asia. It consists of thirteen states and three federal territories and has a total landmass of 127,350 square miles separated by the South China Sea into two similarly sized regions, Peninsular Malaysia and Malaysian Borneo. Land borders are shared with Thailand, Indonesia, and Brunei, and maritime borders exist with Singapore, Vietnam, and the Philippines. Malaysia has been an important cultural, economic, historical, social, and trade link between the islands of Southeast Asia due to its geographic location.
Malaysia is expected to have a population of 33.527 million in the year 2023 and expected to reach 35.096 million by 2027, growing at a CAGR of 1.15%.
Malaysia’s real gross domestic product (GDP) was MYR 1343.88 billion in 2020 and while recovering from the COVID-19 impact it increased by 3.04% to be around MYR 1385.95 billion in 2021. It is further expected to increase by 4.80% and reach MYR 1836.30 billion by 2027.
Malaysia’s unemployment rate was 4.45% of total labor force in 2022. It is expected to decrease at a CAGR of 1.39% and reach 4.15% by 2027.
Malaysia’s per capita GDP was USD 13,268.34 whereas purchasing power parity (PPP) based per capita GDP was USD 32,901.07 for the year 2022.
In 2022, Malaysia government’s revenue was MYR 294.34 billion whereas the expenditure was MYR 377.25 billion. This resulted in Malaysia government’s net lending / borrowing negative at MYR 82.91 billion in 2022 indicating that not enough financial resources were made available by the Malaysia government to boost economic growth.
The current account balance for Malaysia was positive at USD 17.13 billion for the year 2022 and is expected to increase at a CAGR of 5.96% and reach positive USD 22.884 billion by 2027. This positive current account balance indicates that Malaysia will remain a net lender to the rest of the world till 2027.
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